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4th March 2008, 13:03
One for the accounting forum - also - but I was also after the side as seen by site owners.
I am surrently using paypal pro and shall be adding another payment option soon.
What is perhaps the best or easiest or neatest way to handle the accounts side.
Is it ...
Transfer over all sales as a daily or weekly amount and as a total to my accounts package and also withdraw the funds from paypal to match this amount.
I assume I have to account for sales inc VAT in full and then the paypal fees come off this and are exempt for VAT.
Any pointers or comments from those already doing something like this.
Ta.
I am surrently using paypal pro and shall be adding another payment option soon.
What is perhaps the best or easiest or neatest way to handle the accounts side.
Is it ...
Transfer over all sales as a daily or weekly amount and as a total to my accounts package and also withdraw the funds from paypal to match this amount.
I assume I have to account for sales inc VAT in full and then the paypal fees come off this and are exempt for VAT.
Any pointers or comments from those already doing something like this.
Ta.